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Monzo Raising New Round at a 40% Drop in Valuation

Monzo Raising New Round at a 40% Drop in Valuation

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EuropeFintechNews Roundup
··1 min read

The FT is reporting that leading UK fintech bank Monzo is close to agreeing to a funding deal that will value the company at £1.25b compared to more than £2b in its previous round last June; Monzo is planning to raise between £70m and £80m in this round which is expected to close in the next month, with the majority of the funding coming from existing investors; while it only recently started lending, so there is little risk from customer defaults, the decline in international travel as well as the lockdowns have reduced revenues; the sharp drop in valuation highlights how the pandemic has hit the high flying UK digital banking sector. Financial Times

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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